Question

Harsh sold goods to Uday of Rs40,000 on 18th March, 2019. Harsh draws a

Answer 1

Answer:

Harsh draws a bill on uday on the same day for Rs 40000 for 3 months which was duly accepted by uday. Harsh discounted the bill on the same day for Rs 39200. The bill was dishonoured on the due date and uday requested Harsh to accept Rs15000 along with interest Rs 500 on remaining amount in cash .